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AUSTIN, Texas – Hyliion Holdings Corp. (NYSE: HYLN), known for developing sustainable electricity-producing technology, has regained compliance with the New York Stock Exchange’s (NYSE) continued listing criteria. The company received formal notice on March 1, 2024, that it is no longer at risk of being delisted due to its share price recovery.
The NYSE requires that the average closing price of a listed company’s common shares remain above $1.00 over a consecutive 30-trading-day period. Hyliion had previously been notified of non-compliance when its share price fell below this threshold. However, by February 29, 2024, the company’s closing share price and the 30-day average closing price had both rebounded above the $1.00 minimum, resolving the issue.
Hyliion focuses on distributed power generators that can operate on various fuel sources, aiming to adapt to the evolving energy economy. With headquarters in…
